Real Estate Investing in Baltimore, Maryland (21206)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 21206 (Baltimore, MD)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
What’s happening in Baltimore, MD (21206)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 21206 Baltimore
The 21206 ZIP covers a section of Baltimore that demands careful diligence. Prices near $224K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 21206 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Looking more closely, 21206 offers a low basis, the region around Baltimore has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On balance, 49,901 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. impressive returns are possible in 21206, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Baltimore:
Property Strategy for 21206
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,893 | $1,770 | 7.2% | +7.7% | $88,946 |
| 3BR | $227,862 | $2,280 | 7.2% | +5.9% | $75,954 |
| 4BR | $290,316 | $2,550 | 6.3% | +6.7% | $72,579 |
| 5BR | $331,611 | — | — | +6.4% | $66,322 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 21206 Compare?
| Metric | 21206 | Baltimore | Baltimore-Columbia-Towson, MD | Maryland |
|---|---|---|---|---|
| Home Value | $224,336 | $181,225 | N/A | $424,997 |
| 5-Year CAGR | 3.4% | 1.8% | N/A | 4.9% |
| Avg Rent | $1,639 | $1,757 | N/A | - |
| Cap Rate | 5.7% | 7.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 21206 (Baltimore, MD). Anonymous, moderated, never written by AI.
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Property managers serving Baltimore City County
Manage rentals here? List your business →Real Property Management Reliable Solutions is a property management company serving Baltimore, MD. summary from their website
RPR Property Management, LLC provides property management services for rental properties. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $224,336 |
| Monthly Rent | $1,639 |
| Price-to-Rent | 11.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.8% |
| Cap Rate | 5.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 21206
Population: 49,901
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 21206
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 6,208 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Baltimore, MD a friendly market for rental owners?
Rental owners in Baltimore, MD deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How strong is tenant demand in Baltimore, MD?
Expect a solid tenant pool in Baltimore, MD. The rental market absorbs $1,639/mo rents without meaningful friction.
What is the typical home price in Baltimore, MD?
The median home value in Baltimore, MD is roughly $224K. That puts it reasonable relative to the MD statewide average.
What type of investing works in Baltimore, MD?
Most investors in Baltimore, MD run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Baltimore, MD good for house hacking?
Baltimore, MD is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $224K price point reasonable to enter.
You know 21206 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 21206 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 21206 ranks in Baltimore-Columbia-Towson, MD
Every ZIP in this metro, ranked. Free.
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